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Biotech / Medical : Immunomedics (IMMU) - moderated

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To: tbone0096 who wrote (8082)10/28/2009 11:07:52 PM
From: li3511  Read Replies (1) of 63326
 
> looks as though small cap bios have fallen out of favor for the meantime.
> we are certainly not the only ones getting whacked

True. This isn't an anti-Immunomedics market, the whole sector is down.

The bubble in biotechs started with HGS's unexpectedly good news, and everyone ran looking for the "next HGSI." What happens if the results released next week are crappy -- if BLISS-52 was an aberration? "Next HGSI" changes meaning to stock that loses 70-90% of its value overnight.

It has not been hard to resist the temptation to buy IMMU this week. One has to keep their powder dry for next week.
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